Oakland Warehouse in Green
For Sale
$2,000,000
760 Stone Street, Oakland, CA 94603
Secured light-industrial warehouse with flexible use in Oakland's Green Zone.
Property Size8,763 SF
Lot Size0.21 Acres
Price / SF$228.23
Days on Market127
Property Features for 760 Stone Street
General Information
Standard status
Active
Size
8,763 SF
Lot size
0.21 Acres
Property subtype
Commercial
Amenities
Concrete Flooring
Enclosed
Flat/Low Pitch Roof
Gas Heating
Off-Site Parking
On Street
Room for Oversized Vehicle
Tar & Gravel Roof
Building Details
Year Built
1947
Listing Agency:
LPT REALTY
(877) 366-2213
Listed By:
FONTINE DA LUZ · License #02200615
Source:
Corcoran
Added: Apr 4
Changed: Aug 8
Last Checked: Aug 8 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY
Investment Insights
Based on property information with market context.
This secured light-industrial warehouse is located in Oakland's Green Zone and offers flexible use for industrial, production, or specialized operations. The property includes approximately 8,850 square feet on a 9,000 square foot lot. This includes an estimated 8,000 square foot warehouse, approximately 1,500 square feet of office, break room, and restroom area, and an estimated 650 square foot mezzanine. There are three private offices, a reception area, a break room, and three restrooms. The warehouse features a 14-foot clear height and two grade-level truck doors, one 9 x 10 roll-up door and one 12 x 10 sliding barn door. The power supply includes 300 amps, 3-phase, 240V service, with potential expansion to 600 amps. An enclosed yard of approximately 815 square feet provides secure outdoor storage or workspace. The property was most recently used as a private member-only social club and features a built-in stage and bar, offering creative reuse potential, subject to approvals. Access is via a gated cul-de-sac, enhancing privacy and security, with secured on-site parking. The property is zoned light-industrial within the Green Zone, making it suitable for compliant cannabis or other industrial users.
Key Highlights
- Located in Oaklands Green Zone, suitable for cannabis or other industrial uses
- Approximately 8,850 SF including warehouse, office space, and mezzanine
- Secured location with gated access, on‑site parking, and enclosed yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,700
$2.3M
Cap Rate 7%
$1,613,357
$1.6M
Cap Rate 9%
$1,254,833
$1.3M
Market Conditions
NOI Build-Up for 8,763 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.9K $15.96/SF
− Vacancy
−$7.0K −$0.80/SF
EGI
$132.9K $15.16/SF
− OpEx
−$19.9K −$2.27/SF
NOI
$112.9K $12.89/SF
Area
ZIP 94603
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,700
Cap Rate 7%
$1,613,357
Cap Rate 9%
$1,254,833
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,935 @ 7.0% cap · market cap 5.65%
Second Best
Industrial
$1.49M
$1.30M – $1.73M
NOI $104,039 @ 7.0% cap · market cap 5.20%
Theoretical Best
Multifamily LT 5
$2.56M
$2.24M – $2.98M
NOI $178,944 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Secured light-industrial warehouse with flexible use in Oakland's Green Zone.
Where is this warehouse located?
The property is located at 760 Stone Street Oakland, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Located in Oaklands Green Zone, suitable for cannabis or other industrial uses; Approximately 8,850 SF including warehouse, office space, and mezzanine; Secured location with gated access, on‑site parking, and enclosed yard
